Newpark Resources Inc. Layoffs

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Topics regarding layoffs at Newpark Resources Inc.

Newpark strategy??

Newpark buys a mats company —which has a large source of revenues directly from Newpark. Not too smart. CES is diversifying into more of a production based company that isn’t cyclical as a drlg based service company. Major revenue driver. Q’Max buys... read more

The truth about NP

What gives is that this organization is at best dysfunctional...If you rock the boat...or if you are "different" then you are a target. There is no respect for intelligence or experience. The priority is who you are related to, your age, who's a@@... read more

Gulf of Mexico

Houston Chronicle article today reports the outlook for the U.S. offshore sector remains Bleak. "In the U.S. Gulf of Mexico , activity continued to weaken in the third quarter, and the outlook remains bleak for this region based on current customer... read more

Stupid decision #5

How about maximizing shareholder value by building a $40m State if the art building/office in Katy and NOT building 1 office for corporate and minions. We all know PH and crew don’t want to park their Bimmers nor drive out of the Woodlands. Way to... read more

Stupid decision #4

Spending $30 million on Fourchon upgrades. Idiotic move in a 20 rig shrinking market. Every day drillers are scrapping offshore rigs and leave it to Newpark to spend $30m in what is basically a dead market. And then Dumb and Dumber try to present it... read more

Stupid decision #3

Keeping the cigar chomping Scotsman on way past his prime. PB made him look good. Bs had NO people skills, no loyalty towards anyone and worst of all brought on PV as his replacement. He didn't have the cajones to stand up for WW and DV who among... read more
by | Post ID: @PsY1zQT
304 views | no replies

Stupid decision #2: BRAZIL

Squarely on dumb and dumber shoulders. Haven't turned a profit since opening almost 10 years ago. Will never turn a profit working for Petrobras. Numerous Mgmt changes-same results. Only good thing is a nice vacation spot for NP mgmt on supposed... read more
by | Post ID: @PrJj3hT
257 views | no replies

Stupid decisions = stupid results

Long time shareholder and occasional lurker. Last CC, Paul talked about NP making tough decisions. After seeing what has transpired in the past 2 years, I see a lot of STUPID DECISIONS and the quarterly results continue confirming my opinion. More... read more

Smoke and Mirrors

Do you really expect us to believe that you will see increased revenues for GOM? No way you are talking today and expecting work tomorrow or last half of this year out of a 20 rig market that is also weakening every day. Doesn't happen that way in... read more

Bozo the clown

Sad day for NP employees and shareholders, Bozo takes over tomorrow, hand picked by Dumb and Dumber. Be sure and express your gratitude to them. Bozo is living proof that has shown the ability to run a former great service company into the ground... read more

NEWPARK ANNOUNCES

1st annual putt putt golf tournament at Walden Woods on July 4. We are in dire need of sponsors as we are lacking the funds to pull this off. We will also have a Dumb & Dumber dunk booth which will raise lots of dinero. This will be your big chance... read more

Newpark better be watching the rear view mirror

CES is about to run flat over them. So much better diversified and a management team that is proactive-rather than reactive. One company comments about technology and growth. The other talks about getting a big tax refund. You can figure it out!!!

Based on Uruguay

Do they expect us to applaud the 2 international awards? After all, when it was all said and done Uruguay actually cost NDF $$$. More of the Dumb and Dumber brainpower at work. Never ending story, just like Brazil.

Not eligible for rehire

This needs to be mandatory for PH, GP, MA, BS, PV and BC. All have caused the demise of NP. Really sad the damage caused by these illiterates.

Fluids loses $7.5m in Q4

Winner winner chicken dinner. I correctly forecasted >$7m losses in Q4, knew all you delusional blowhards couldn't see it. Well guess what, more losses in Q1. There will be blood. Adios amigo

Newpark to start chipping employees

Newpark to start chipping employees By the end of 2017, 55% of all Newpark salaried employees will have a gps chip implanted in their buttocks. By 2018 Newpark employees, hourly, exempt and non-exempt will all be chipped, Newpark will have the... read more

Newpark to start chipping employees

Devon to start chipping employees By the end of 2017, 55% of all Devon salaried employees will have a gps chip implanted in their buttocks. By 2018 Newpark employees, hourly, exempt and non-exempt will all be chipped, Newpark will have the ability to... read more
by | Post ID: @KOfsagY
716 views | no replies

IF HOWES ALLOWS THIS TO CONTINUE

In NA fluids, he is either dumb or desperate. After looking at the list of John Boys cut list some explaining is in order. His A-- needs to be called on the carpet.

Newpark warns of soft Q3 numbers

$9m loss might be low for Q3... What: Shares of Newpark Resources Inc (NYSE:NR) fell more than 15% in early trading on Wednesday. Fueling the falling stock price was a warning from the company that the third-quarter results from its fluids and mats... read more

How does it feel

How does it feel to go to work at NP knowing that your company is losing $150k EVERY DAY? Or knowing that Corporate expense still is costing $7m quarterly? Or knowing that your NA prez is encouraging BU's to prop up revenues no matter what the loss?... read more

Katy Mason's Rd

Wow it really looks and feels like walking dead around here all U need to do is fall over. This looks real sad

Biased management

Biased management. The layoffs are based on wether you were male, white and over 50. Whether you sucked up to John Boy and regional supervisors, not how you perform the job or demonstrate morale. This place is all about who your friends with within a... read more

John Boy oh John Boy

What shall ye say bout q2? With all of your Evolution Revolution sales revenue should not be a problem? Fill us in John Boy

NDF Northeast US

King Phil: inquiring minds would like to know how you can justify RIF'ing a loyal, established salesman that had us work with Range for years and keeping a blowhard newbie salesman from HAL that hasn't sold a sack of mud for NDF???? It took all of 2... read more

Uruguay project???

Hear things are a clusterf**k down there. Don't worry Gocke can fix it - just like he did at MCCF. What is the definition of insanity????? Another in a long list of Scotsman's failures.

Incompetence eventually receives its just rewards

You are getting close to the people behind the root cause of the majority of the company's issues, but those people have still not been dealt with. As with any disease, you can treat the symptoms and survive a little longer...but in time, the disease... read more

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